Hyundai Home Shopping, Improvement of subsidiary performance(Hanwha Investment & Securities)
Hyundai Home Shopping, Improvement of subsidiary performance(Hanwha Investment & Securities)
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  • 승인 2021.02.25 14:48
  • 최종수정 2021.02.25 14:44
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현대홈쇼핑 CI
Hyundai Home Shopping CI

[Infostock Daily= Reporter An Hoe Hyun] Hanwha Investment & Securities maintained its investment opinion Buy and target stock price of 115,000 won for Hyundai Home Shopping on the 25th.

Hyundai Home Shopping recorded a total handling volume of KRW 1.3677 trillion in the fourth quarter of last year, up 1.8% from a year earlier. Operating profit was KRW 43 billion, up 41.5% from the same period last year. It is analyzed that the main business T-commerce and mobile channels grew stably, driving overall earnings, the growth of Hyundai L&C, a major subsidiary, has continued, and the deficit in Australian subsidiaries and Hyundai Rental Care has decreased.

Hanwha Investment & Securities explained, "It is generally in line with expectations and can be evaluated positively even if high growth is not taken into account," adding, "The growth outside the main business was clear."

Among subsidiaries, Hyundai L&C's operating profit grew 56% year-on-year to KRW 8.2 billion. The deficit of Hyundai Rental Care and its Australian subsidiary was reduced to KRW 7.2 billion from a year earlier(KRW 11.2 billion). This trend is expected to continue this year.

Reporter An Hoe Hyun ahh@infostock.co.kr


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